McFly goes ahead with next phase of token sale to bring flying taxis to Egypt, Kenya and Nigeria

The startup that is looking to bring autonomous flying taxis to Kenya, Nigeria and Egypt, McFly, has gone live with its token sale. Apart from Nairobi in Kenya, McFly has said it is expecting to see initial development in 34 cities in 17 countries around the world in total, where it has already established McFly communities.

The community of entrepreneurs and early supporters that McFly has been setting up is involved in building air taxi management systems and marketplaces. So far the startup has established these communities in countries such as Australia, Belarus, Canada, Egypt, France, India, Indonesia, Kenya, Malaysia, Mexico, Nepal, Netherlands, Nigeria, Panama, Philippines, Russia, and USA.

“The incubator includes corporate partners being excited to see where the industry is going. In addition, there are consortium members enthusiastic to integrate their products into a unified air taxi infrastructure, entrepreneurial community, which is organised in city-focused chapters desiring to use that technology to earn revenues, i.e. sell that technology as a service, as well as develop other business models,” said Ilya Khanykov, Advisor for McFly and CEO at Bartini.

The current phase of McFly's token sale went live on 5 April 2018. No prototype or working model of the McFly urban flying taxi is currently available and this will likely only happen once the company has raised enough funds from its token sale considering the estimated initial cost $120,000 to build a flying taxi.

“We are building a flying car for mass use as air taxis in cities. For safety, aircraft has to be
restricted for flights after a fixed flight-time. We use blockchain to control this. Only the transfer of McFly tokens into vehicle’s wallet will trigger the flight: 1 token per 1 minute. The vehicle will only accept over its lifetime a fixed number of tokens, after which its use will be restricted. Tokens will be
used to reward other devices and their owners. Token transactions will also contain flight parameters and records of maintenance,” said Khanykov.

The McFly Technology Consortium is made up of 10 technology companies which include 3 designers of aerial vehicles applicable for air taxi (Bartini, Hepard, and
IAMAERO air taxi designers), 2 blockchain protocol developers (Universa.io and Emercoin),
batteries and chargersing points manufacturer Farad.Energy, Drone Employee by AIRA Labs
making smart contracts for auto-piloted drones, Colony.io – an innovative platform for decentralised
open organisations, pilot training simulators developer TFT Aero, AFRUS making interiors for flying
machines. The McFly Incubator community programme has also partnered with Creative Russia, an organization engaged in urban public transport systems integration design, and with Shukhov Lab – the Laboratory for Experimental Urban Design.

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